To find a right broker for share dealing
, we spent seven months and hundreds of hours of assessing ten different share dealing brokers based in the UK. Here, we will focus on two brokers and compare Fidelity International vs Interactive Investor.
Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (varies depending on the type and size of your portfolio). We researched both to provide a single star rating for cost. Interactive Investor's score is 4.00 stars versus Fidelity International's 3.50 stars.
Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Interactive Investor provides its clients with ISA, ISA - Junior, SIPP and Spread Betting while Fidelity International provides clients access to ISA, ISA - Junior, SIPP and SIPP - Junior. Also, some investors require a high-quality charting experience, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Fidelity International and Interactive Investor offer the same number of charting tools, 0. Fidelity International trails Interactive Investor by 11 total different indicators (for example, moving averages), with Interactive Investor offering 11 and Fidelity International offering 0. Interactive Investor makes basic stock alerts available to clients, while Fidelity International does not. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Fidelity International alongside Interactive Investor offer fund research reports.
Overall, Interactive Investor comes out on top with 4.50 stars over Fidelity International's 3.00 stars. And, when it comes to individual category awards, Interactive Investor finished with awards Best in Class - Research and Best in Class - Education in 2017, while Fidelity International came up with Best in Class - Research.